Interactive Brokers Group, Inc. (NASDAQ:IBKR, IB), one of the big online trading services provider in the United States, is planning the addition of more chart types on its Trader Workstation (TWS) platform.
The latest beta build of IB TWS introduces new products – Hollow Candle and Heikin-Ashi Bar types. Real-time charts now provide two more bar types, Hollow Candles and Heiken-Ashi, in addition to currently available High Low Bar and Candlestick.
- The Hollow Candles display green unfilled candlesticks when that period’s close is higher than its open.
- The Heikin-Ashi candles use the open-close data fro the prior period with the open/high/low/close data from the current period to create a combo candlestick.
To specify a bar type, one has to select the Edit menu services from within and then choose Chart Parameters. In the Time Period field, a trader has to ensure that a Candle Size is selected. Next, one simply has to use the drop down selector in the Bar Type field to choose a bar type.
You can find out more about IB TWS by clicking here.